1060 Englewood AveBuffalo, NY 14223

Property Details for 1060 Englewood Ave

Year built

1920

Lot size

0.18 AC

Property size (Sq ft)

4,128 SF

Zone code

TND

Property type

Investment properties

Property subtype

Retail residential properties

APN

146489 66.57-2-31

APU

1464896657231

Description

This 4,128 square foot commercial property at 1060 Englewood Avenue in Buffalo, NY, presents a unique investment opportunity. Situated on a 0.18-acre lot, the building offers a blend of occupied and vacant space. A long-term tenant currently occupies 960 square feet, generating rental income to help offset expenses. The remaining 3,168 square feet of vacant space is ready for immediate occupancy and boasts high ceilings, a prominent display window, a separate office, and an ADA-compliant bathroom. Both the occupied and vacant spaces have separate full basements and individual utility meters. The property benefits from recent upgrades, including a roof drainage system approximately six years old and a complete electrical update in 2021 for both units. A convenient side driveway leads to a grassy area at the rear of the building, offering potential for additional parking with gravel installation. The property enjoys high traffic counts and excellent walkability, making it an ideal location for a variety of commercial uses. Priced at $325,000, this property offers a compelling combination of income generation and development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $928,549

  6.5%

  $857,122

  7%

  $795,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $612,135

  Geo Method

  $402,523

• Alternative Use

  Use

  Valuation

  Residential

  $857,122

  Hospitality

  $785,119

  Educational

  $653,210

  Medical

  $675,675

  Retail

  $1,016,105

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9725

Longitude

-78.8536

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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